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Are you under 59 1/2 years? What type of annuity is this?
Generally if the reason for the distribution is disability- than the distribution will not be subject to 10% early distribution penalty. You will, however, owe tax on the distribution amount. the tax will depend on your overall total income, filing status and tax credits.
Let me know if you have any question.
Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases. Nothing contained in this reply was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended.
Are you a federal government employee?
This will be taxable to you as discussed in the earlier post presuming that you did not make any after tax contribution to this plan.
Yes, but if this is pre tax (which most retirement plan contribution are) than the entire amount is taxable when received.
Sorry I was away for some time.